(Step-by-Step) Author’s Slot Machine The author purchased a slot machine that is configured so that there is a 1/2000 probability of winning the jackpot
Question: Author’s Slot Machine
The author purchased a slot machine that is configured so that there is a 1/2000 probability of winning the jackpot on an individual trial. Although no one would seriously consider tricking the author, suppose that a guest claims that she played the slot machine five times and hit the jackpot twice.
- Find the probability of exactly two jackpots in five trials.
- Fine the probability of at least two jackpots in five trials.
- Does the guest’s claim of two jackpots in five trials seem valid? Explain.
Deliverable: Word Document 